News & Noteworthy

A November 27th article in The Star-Ledger quoted Bob Schwartz (Partner, New Brunswick) in its review of steps taken by the Office of the Comptroller of the Currency (OCC) to ensure certain New Jersey banks can effectively detect and prevent money laundering.

"A cease and desist order is one of the highest levels of regulatory enforcement available to the OCC. It doesn't mean the bank is in imminent danger. Rather it shows that regulators either have found sufficiently serious problems or issues that had not been dealt with to make a public finding against the bank."

Bob's practice focuses on M&A, regulatory and securities law for the banking and other industries. Recently, he was named to NJ Biz's "Power 50 Banking" list, which is an annual review of New Jersey's banking industry leaders.